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Dec 4, 2012
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take a page out of wall street's book to reach a deal on the fiscal cliff. >>> and all-state ceo thomas wilson joins us to explain how a decline over the cliff would affect the insurance giant. maria and i will see you at the top of the hour, the annual chris mastery lighting at the new york stock exchange today and eye vanka trump will be along to help us out with that. >> wow. some of her own crystal there >> she is very beautiful, i have to say. >> i could say that, too, i suppose. but i won't. >>> iran says it shot down an american drone in the gulf. the navy is saying no. all of our drones are accounted for. what we do know is what kind of drone we are talking about. phil lebeau has experience actually with launching one? were you in the cia, phil? >> i wasn't in the cia, but i have launched, still -- >> you have to tell us. >> the scan eagle drone, don't like to call at a drone at boeing, made by boeing, subsidiary in oregon make it unmanned aerial vehicle. essentially, the navy, the intelligence, military, they have been using the scan eagle for a number of year, ten years they h
take a page out of wall street's book to reach a deal on the fiscal cliff. >>> and all-state ceo thomas wilson joins us to explain how a decline over the cliff would affect the insurance giant. maria and i will see you at the top of the hour, the annual chris mastery lighting at the new york stock exchange today and eye vanka trump will be along to help us out with that. >> wow. some of her own crystal there >> she is very beautiful, i have to say. >> i could say...
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Dec 6, 2012
12/12
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>> let me add in here, judge, to your point that no congress has ever used the fiscal cliff. usual through debt ceiling as a bargaining point, which is what happened last year. this never dealt with. >> what would happen if the congress said no? the president would be forced to operate the federal government in money available to him. >> nobody said that to ronald reagan or the first george busher second george bush. >> democrats voted against raising the debt ceiling. >> but nobody has ever, ever stopped it and made it a point of then fiscal negotiation. only happened once. >> we have never been in treacherous, perilous fiscal circumstances as today. >> bret: top senate republican calling it quits was here on the set with us. the all-stars weigh in on that. surprising development next. initiated. neural speeds increasing to 4g lte. brain upgrading to a quad-core processor. predictive intelligence with google now complete. introducing droid dna by htc. it's not an upgrade to your phone. it's an upgrade to yourself. [ female announcer ] some people like to pretend a flood coul
>> let me add in here, judge, to your point that no congress has ever used the fiscal cliff. usual through debt ceiling as a bargaining point, which is what happened last year. this never dealt with. >> what would happen if the congress said no? the president would be forced to operate the federal government in money available to him. >> nobody said that to ronald reagan or the first george busher second george bush. >> democrats voted against raising the debt ceiling....
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Dec 6, 2012
12/12
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one we're lamely calling the fiscal cliff. the way republicans in congress and the president solved the debt ceiling crisis was to build this cliff, that we're now supposedly dangling off of. they invented this deadline we're up against. the debt ceiling fight was a disaster, and now republicans, surprise, want to have that fight again. "the new york times" reports that one idea bouncing around the right side of the aisle is this. the republicans will extend tax cuts for the middle class, and then when they need to raise the debt ceiling, quote, demand deep concessions on medicare and social security as a price to raise the debt ceiling. one republican senator reportedly called the debt ceiling the line in the stand. the odds are pretty close to zero that we mint a $1 trillion coin in order to pay off some of the debt. but there's striking movement in the direction of changing the rules so we don't ever have to fight over this completely unnecessary issue ever again. remember, this is important. the debt ceiling isn't about in
one we're lamely calling the fiscal cliff. the way republicans in congress and the president solved the debt ceiling crisis was to build this cliff, that we're now supposedly dangling off of. they invented this deadline we're up against. the debt ceiling fight was a disaster, and now republicans, surprise, want to have that fight again. "the new york times" reports that one idea bouncing around the right side of the aisle is this. the republicans will extend tax cuts for the middle...
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Dec 9, 2012
12/12
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avoid the fiscal cliff and another recession. host: for that to happen, something has to happen this week? guest: not this week but every day that so little gets done raises the chance it will go wrong. i worry about that a lot. guest: it is a small deal, they can do something quickly. it may not require even a roll- call vote. to do the big deal, they did not have enough time to do the big deal when congress reconvenes on november 13. host: final word? guest: i think it is time to talk about the spending side. look at anyone trying to run a federal agency and they are being told the budget will be cut at 14% across the board beginning january 2. this is a ridiculous way to run a country. host: douglas holtz-eakin is the former director of the congressional budget office. stancollander thank you both for being with us. we will take a closer look of some of those special interest groups that are lobbying on behalf of what may happen with the so-called fiscal cliff. later, we will turn our attention to what is next for the u.s. and
avoid the fiscal cliff and another recession. host: for that to happen, something has to happen this week? guest: not this week but every day that so little gets done raises the chance it will go wrong. i worry about that a lot. guest: it is a small deal, they can do something quickly. it may not require even a roll- call vote. to do the big deal, they did not have enough time to do the big deal when congress reconvenes on november 13. host: final word? guest: i think it is time to talk about...
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the fiscal cliff, the result of sequestration and agreements between the two paries, capitol hill and the white house. why would they not have thought out a position here? >> you know, one of the things that puzzles me about this is, even today the debate that the republicans are engaged in is really a debate with themselves. the media talks about the tax increas. that is almost all the talk about. and the only thing that makes sense to the republicans is to try to ge some sious control over the entitlements. that is why they're in this game. and yet you hear ery little from the republicans. you would think that the speaker would get out and say, look, we are ready to talk about -- we are readto talk about new revenue, but i am not going to even get into that isue until the president moves his party. we know what the problem is. the democratdon't want to talk an entitlement reductions in all. the republicans don't want to talk about txes. but the real issues facing this country, controlling spending, not raising taxe. lou: not according to nancy pelosi. i don't know if you saw. we rep
the fiscal cliff, the result of sequestration and agreements between the two paries, capitol hill and the white house. why would they not have thought out a position here? >> you know, one of the things that puzzles me about this is, even today the debate that the republicans are engaged in is really a debate with themselves. the media talks about the tax increas. that is almost all the talk about. and the only thing that makes sense to the republicans is to try to ge some sious control...
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Dec 8, 2012
12/12
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if you want to know how broken, our partisan our congress and government has become, all you need to look at is this one day in washington where tonight we're no closer to compromise on a deal to avoid that show called fiscal cliff. >> it was also warm in the nation's capital despite the chill between democrats and republicans. >> president obama dug in his heels insisting on tax increase or higher earners. >> and they both agree he that the other's proposals are ridiculous. >> just a sampling of the coverage this week as the media keep a watch on what's done or not to avert the fiscal cliff. >> jim shall the overriding theme in the media seems to be that president obama won the election and therefore should do what he wants and the media seems to forget na john boehner and everyone else won their elections as well and they're a co-equal branch of government. >> i think the media loves the story of president obama's comeback and the new york time describes him as disciplined and unyielding and focused on this and i think there are other media stories as well. the second media story o
if you want to know how broken, our partisan our congress and government has become, all you need to look at is this one day in washington where tonight we're no closer to compromise on a deal to avoid that show called fiscal cliff. >> it was also warm in the nation's capital despite the chill between democrats and republicans. >> president obama dug in his heels insisting on tax increase or higher earners. >> and they both agree he that the other's proposals are ridiculous....
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and the president will reach a deal to avert the fiscal cliff. if they're right, according to the nonpartisan tax policy center, families such as the watsons with annual income between $64,000 and $108,000 would see a tax increase of about $3,500. >> i think it just will put any future plans that we might have on hold of let's say fixing some electrical in our house. that's an immediate need that we have and we can't do it right now. >> reporter: they blame both the president and congress. >> it's very disappointing to see bipartisanship almost nonexistent. >> i call it the washington bubble. it's where they have no idea how their choices and their fighting and bickering affect the rest of us. >> reporter: there is, they say, a surprising upside to their financial challenges. they can't afford the fees for extracurricular activities so after school they spend time together. >> . >> we do a lot of things more as a family. we're not as materialistic as we've been in the past. but we're also seeing the blessings from it so we're stronger as family,
and the president will reach a deal to avert the fiscal cliff. if they're right, according to the nonpartisan tax policy center, families such as the watsons with annual income between $64,000 and $108,000 would see a tax increase of about $3,500. >> i think it just will put any future plans that we might have on hold of let's say fixing some electrical in our house. that's an immediate need that we have and we can't do it right now. >> reporter: they blame both the president and...
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back in this country, we are just over three weeks away from falling over the so-called fiscal cliff, that combination of tax increases and deep federal spending cuts. nancy cordes reports the back-and-forth showed no sign of letting up today 20 white house and the republicans in congress. >> reporter: in his saturday weekly address, president obama signaled he is open to making cuts on programs like medicare and medicaid if republicans agree to raise tax rates for the rich. >> i'm willing to find ways to bring down the cost of health care without hurting seniors and other americans who depend on it. and i'm willing to make more entitlement spendings cuts on top of the $1 trillion in spending cuts i signed into law last year. >> reporter: his remarks came one day after house speaker john boehner announced the talkes were stalled. >> well, this isn't a progress report because there's no progress to be report. >> reporter: his democratic counter-part ploals blamed boehner for the stalemate. >> what they offered in return was an empty letter lacking in specifics. >> reporter: such is the
back in this country, we are just over three weeks away from falling over the so-called fiscal cliff, that combination of tax increases and deep federal spending cuts. nancy cordes reports the back-and-forth showed no sign of letting up today 20 white house and the republicans in congress. >> reporter: in his saturday weekly address, president obama signaled he is open to making cuts on programs like medicare and medicaid if republicans agree to raise tax rates for the rich. >> i'm...
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Dec 7, 2012
12/12
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congress hearing from all sides on the fiscal cliff and heading up a coalition of business and economic leaders in the fix the debt campaign, where do you sense the players are right now in terms of whether they'll go interest a small deal, band-aid approach or grand bargain. >> the good news is while it's a nail biter, that's for sure, we all wish we could solve some of these problems without going to the brink like we do in politics, i think they're going to get this resolved and be able to put in place a plan not just to avert the fiscal cliff, but importantly to really tackle the deficit and debt problems in this country. i am concerned that deal won't be big enough. is it going to be small or medium or big. we need a plan big enough to fix the deficit problems and make sure the debt is no longer growing faster than the economy. we're not going to be able to balance the budget in the near future because the fiscal hole is so big. you want to make sure the debt is not growing faster than the economy. that's going to take $4 trillion in savings. you need all parts on the table and con
congress hearing from all sides on the fiscal cliff and heading up a coalition of business and economic leaders in the fix the debt campaign, where do you sense the players are right now in terms of whether they'll go interest a small deal, band-aid approach or grand bargain. >> the good news is while it's a nail biter, that's for sure, we all wish we could solve some of these problems without going to the brink like we do in politics, i think they're going to get this resolved and be...
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Dec 3, 2012
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president obama and republicans in congress are digging in their heels on the fiscal cliff. who will blink first on this game of political chicken. we'll ask our power panel about that. and allison schwartz me as well. mitt romney licking his wounds over an election loss he thought would never happen. hats next for him and why he's not interested in hoping to remake the republican party. plus a bittersweet victory for the kansas city chiefs as the team and its fans try to come to grips with the senseless tragedy, what drove jovan belcher to kill his girlfriend and then himself. [ female announcer ] a classic meatloaf recipe from stouffer's starts with ground beef, unions, and peppers baked in a ketchup glaze with savory gravy and mashed russet potatoes. what makes stouffer's meatloaf best of all? that moment you enjoy it at home. stouffer's. let's fix dinner. now is a good time to think about your options. are you looking for a plan that really meets your needs and your budget? as you probably know, medicare only covers about 80% of your part b medical expenses. the rest is
president obama and republicans in congress are digging in their heels on the fiscal cliff. who will blink first on this game of political chicken. we'll ask our power panel about that. and allison schwartz me as well. mitt romney licking his wounds over an election loss he thought would never happen. hats next for him and why he's not interested in hoping to remake the republican party. plus a bittersweet victory for the kansas city chiefs as the team and its fans try to come to grips with the...
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Dec 10, 2012
12/12
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cliff, we're not reading out details of the communication, but the lines of communication remain open, end quote. this meeting comes as the white house and congress appear to be at at impasse, you know by now is crippling spending and tax hikes and could cost us jobs and send us back into recession and to solve the problem, republicans say we must prevent our ballooning national debt from crushing generations. and chief white house correspondent now ed henry joins us by phone with the latest on this breaking story, ed, they kept this under wraps. how big after deal is this? >> good evening, harris, there's not a deal yesterdt. but it's significant it's almost a month since speaker boehner and the president sat down at the white house. that's ever significance, there's been scattered phone calls and one plan the president put on the table, quickly rejected by the republicans and speaker boehner put a counter offer on the table and the white house dismissed that one so much so it's not really a real plan and that they would not offer a second counter. so the bottom line, this thing is s
cliff, we're not reading out details of the communication, but the lines of communication remain open, end quote. this meeting comes as the white house and congress appear to be at at impasse, you know by now is crippling spending and tax hikes and could cost us jobs and send us back into recession and to solve the problem, republicans say we must prevent our ballooning national debt from crushing generations. and chief white house correspondent now ed henry joins us by phone with the latest on...
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Dec 10, 2012
12/12
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with talks of congress limiting the charitable tax deduction asart of the fiscal cliff negotiation will this year be any different? we have the head of charity navigator with me now. ken, we were talking during the break, there has been, you've seen increasing contributions to charities this year because of that fiscal cliff. what do you see? we've seen some larger charities have seen as much as or 8% increase in donations whereas some of the smaller charities they're still struggling and donations are somewhat level from last year. gerri: you know, people have this on the front of mind. this is traditional time of year you make your contributions and this year more than ever i think people are thinking their dollar will go further because of the possible changes in taxes. what is the one thing you would tell folks this year about chartable giving? what do they need to think about or remember this year? >> they need to remember that even now more than every charities really need their help. there is more of a demand because of unemployment, because of other challenges out there, disaste
with talks of congress limiting the charitable tax deduction asart of the fiscal cliff negotiation will this year be any different? we have the head of charity navigator with me now. ken, we were talking during the break, there has been, you've seen increasing contributions to charities this year because of that fiscal cliff. what do you see? we've seen some larger charities have seen as much as or 8% increase in donations whereas some of the smaller charities they're still struggling and...
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Dec 9, 2012
12/12
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goes over the fiscal cliff. >> reporter: in his saturday weekly address, president obama signaled he is open to making cuts in programs like medicare and medicaid if republicans agree to raise tax rates for the rich. >> i'm willing to make more entitlement spending cuts on top of the $1 trillion in spending cuts i signed into law last year. >> reporter: his remarks came one day after house speaker boehner announced the talks were stalled. >> well, this isn't a progress report, because there's no progress to report. >> reporter: his democratic counterpart nancy pelosi blamed boehner for the stalemate. >> what they offered in return was an empty letter, lacking in specifics. >> reporter: such is the state of negotiations, 23 days before the deadline, when federal income tax will revert to higher levels, and long-term unemployment benefits will dry up for over two million americans who have been out of work for six months or more. on friday, boehner did not rule out a compromise on a tax hike for top earners, somewhere between today's 35% rate and the clinton era's 39.6%. >> there are a
goes over the fiscal cliff. >> reporter: in his saturday weekly address, president obama signaled he is open to making cuts in programs like medicare and medicaid if republicans agree to raise tax rates for the rich. >> i'm willing to make more entitlement spending cuts on top of the $1 trillion in spending cuts i signed into law last year. >> reporter: his remarks came one day after house speaker boehner announced the talks were stalled. >> well, this isn't a progress...
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Dec 10, 2012
12/12
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avoid the fiscal cliff and another recession. host: for that to happen, something has to happen this week? guest: not this week but every day that so little gets done raises the chance it will go wrong. i worry about that a lot. guest: it is a small deal, they can do something quickly. it may not require even a roll-call vote. to do the big deal, they did not have enough time to do the big deal when congress reconvenes on november 13. so the idea with two weeks to go is very small. host: final word? guest: i think it is time to talk about the spending side. look at anyone trying to run a federal agency and they are being told the budget will be cut at 14% across the board beginning january 2. this is a ridiculous way to run a country. host: douglas holtz-eakin is the former director of the congressional budget office. stancollander thank you both for being with us. >> and now a lookity role of lob yist in the negotiations on the so called fiscal cliff. this is from today's washington journal and is 25 minutes. guest: in washingto
avoid the fiscal cliff and another recession. host: for that to happen, something has to happen this week? guest: not this week but every day that so little gets done raises the chance it will go wrong. i worry about that a lot. guest: it is a small deal, they can do something quickly. it may not require even a roll-call vote. to do the big deal, they did not have enough time to do the big deal when congress reconvenes on november 13. so the idea with two weeks to go is very small. host: final...
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Dec 6, 2012
12/12
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>> at a minimum what i hope is that we'll be able to do something here that avoids this fiscal cliff which is a creation of congress. it's a bipartisan creation. this fiscal cliff is the result of the last fiscal cliff. >> bill: that put a date on there. >> yeah. >> bill: may extend the date that's what i think is going to happen. >> my hope is is that we can avoid the bad stuff. then we have to deal with the 16 trillion-dollar debt that $1 trillion a year in deficit spending. we have to solve that. that thing is not going to solve itself. >> bill: doesn't feel like the president feels the urgency that you feel. you are one of the leaders of the republican party whether you want to be or not. there you are. so you find yourself now trying to get the republican party reorganized and back into the populist column. ain't going to be easy for you, senator. because you have got to be the senator from florida and at the same time try to resurrect this party. >> well, it's -- but i think the people of florida have the same ax sights as the people of our country. i'm informed by my own backg
>> at a minimum what i hope is that we'll be able to do something here that avoids this fiscal cliff which is a creation of congress. it's a bipartisan creation. this fiscal cliff is the result of the last fiscal cliff. >> bill: that put a date on there. >> yeah. >> bill: may extend the date that's what i think is going to happen. >> my hope is is that we can avoid the bad stuff. then we have to deal with the 16 trillion-dollar debt that $1 trillion a year in...
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Dec 5, 2012
12/12
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cliff. let's bring in capitol hill correspondent kelly o'donnell. kelly, the house majority leader eric cantor issued a warning and optics matter and to see that shot in the middle of everything else makes it even more interesting. >> reporter: it it can certainly ir rate voters. the practical side those members not at the table negotiating things like the fiscal cliff and the role is something to vote on and so getting back to their districts, some of them say to you having a chance to talk with voters at home is valuable. many of them have fairly packed schedules for events at home but then you have to weigh it against the appearance of people leaving the capitol and does that suggest to people at home they aren't really as nose to the grindstone as they might be? it's an eye of the beholder moment and when you talk about a lame duck congress, here we are with many of these members waiting to have their new colleagues come in this january and tackle some of the big problems and looming dea
cliff. let's bring in capitol hill correspondent kelly o'donnell. kelly, the house majority leader eric cantor issued a warning and optics matter and to see that shot in the middle of everything else makes it even more interesting. >> reporter: it it can certainly ir rate voters. the practical side those members not at the table negotiating things like the fiscal cliff and the role is something to vote on and so getting back to their districts, some of them say to you having a chance to...
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Dec 6, 2012
12/12
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amt fix is now the sleeping giant in the fiscal cliff budget negotiations that as of this hour are still focused entirely on income tax rates. there is much more that congress has to solve than income tax rates including the amt, medicare spending, medicaid, and possibly social security. joining me to talk about the things that congress is not yet talking about but will soon be talking about, joey reed and chris hayes. chris, the amt has a deadline to it that is sharper than anything else in here, because these 2012 tax returns going to have to be calculated with either this new version of the amt or the fixed version, and that is the difference between it affects -- it adds tens of millions of people getting bitten by this thing. i know that the insiders are more worried about that actually getting fixed than the cliff at this point. >> yeah. when i started covering capitol hill in washington, there were two things that people talked about, which was the amt patch and the dock fix. everyone is like where are we on the amt fix. they adjust the payments and do this thing with the amt. we
amt fix is now the sleeping giant in the fiscal cliff budget negotiations that as of this hour are still focused entirely on income tax rates. there is much more that congress has to solve than income tax rates including the amt, medicare spending, medicaid, and possibly social security. joining me to talk about the things that congress is not yet talking about but will soon be talking about, joey reed and chris hayes. chris, the amt has a deadline to it that is sharper than anything else in...
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Dec 6, 2012
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cliff. >> he can win politically but the costs, doesn't you agree, would be tremendous not only to him but to the economy and to our country. >> and we want to bring in and say good morning to congresswoman diane black, a republican from tennessee, a member of the house budget and ways and means committee. congresswoman, is great to have you with me right now. as we speak, house minority leader nancy pelosi is giving her briefing this morning. weep put that up for everybody to see. when we talk about where we are in the staging of all of this, all the drama, the back and forth, the clock ticking, americans truly watching this, you think that the house would be in session today but you all closed up house day early, streamed out yesterday in a walkout. what gives? how do you explain this to the american people when they expect you should be at work trying to resolve this? >> i'm not sure you would call it a walkout. we're waiting for the president to act. we have laid something on the table a
cliff. >> he can win politically but the costs, doesn't you agree, would be tremendous not only to him but to the economy and to our country. >> and we want to bring in and say good morning to congresswoman diane black, a republican from tennessee, a member of the house budget and ways and means committee. congresswoman, is great to have you with me right now. as we speak, house minority leader nancy pelosi is giving her briefing this morning. weep put that up for everybody to see....
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what do you think should be hopping here to get a deal to avoid the fiscal cliff happening? >> i have no doubt that people are working hard to get a deal. we have the president re-elected and have a new congress, think it's right they get down to the business of sorting this out. i think america's got to think that what it needs to do is get growth in its economy, as well. and it needs to get growth by trade and exporting. and i think what we're missing at the moment is a global agreement whereby the big powers try to work on the economy. you have to have fiscal problems and you also have to have growth. that's the key for the future. there's a global deal waiting to be done, with china, europe, india also involved in this, and of course, america itself, where we could build the confidence that's necessary to get high levels of growth around the world. >> finally, gordon brown, i couldn't let you go without asking your view of the single biggest news story to hit the planet in the last week. it is, of course, the royal baby. >> it's incredibly important that we give them the
what do you think should be hopping here to get a deal to avoid the fiscal cliff happening? >> i have no doubt that people are working hard to get a deal. we have the president re-elected and have a new congress, think it's right they get down to the business of sorting this out. i think america's got to think that what it needs to do is get growth in its economy, as well. and it needs to get growth by trade and exporting. and i think what we're missing at the moment is a global agreement...
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Dec 5, 2012
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president obama is focused on the stalemate with congress over averting the fiscal cliff but he's just not talking to house republicans about it. at the white house, he discussed the issue with a bipartisan group of governors. >> "i know that the president certainly wants a deal. he didn't try to handicap it." and earlier this week, he told so called middle class americans on twitter keep pressure on congress, he's even ventured outside the beltway rallying supporters to do just that "i'm going to be asking all of you to make your voices heard." >> why isn't he calling speaker boehner over to a white house meeting? "speaker boehner and i speak frequently. and, you know, i (reporter: "so when? when will the two of you sit down in a room?") >> "you know, i don't think that the issue right now has to do with sitting in a room." in part the white house was burned by the debt ceiling negotiations of 2011 when lots of meetings, failed to stave off a fiscal nightmare. but there's another strategy at play. some in the administration say they learned in the first term, the best way to break was
president obama is focused on the stalemate with congress over averting the fiscal cliff but he's just not talking to house republicans about it. at the white house, he discussed the issue with a bipartisan group of governors. >> "i know that the president certainly wants a deal. he didn't try to handicap it." and earlier this week, he told so called middle class americans on twitter keep pressure on congress, he's even ventured outside the beltway rallying supporters to do just...
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Dec 10, 2012
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resolve this fiscal cliff but resolve in it a way that makes our country stronger. >> let me bring in the "news nation" political panel. neimalik henderson and goodfreend and contributor michael smerkonish. you the people, you talk to folks all day long on the radio show that you have that's syndicated in cities and states. what do you make of the president picking up where he left off so often going straight to the folks at snoem. >> he is really mained a full court press that began in the campaign season and never ended after election day and i think that two-prong attack you reference is good politics and seems to be working in large part because there's a vacuum within the republican party or on the right generally. you could say speaker boehner is the head now for negotiation purposes but i don't think anybody is really the president's equal in this dynamic and he's exploiting that to great advantage. >> let me bring you in on this, david. last week we discussed this, as well. the first read team pointed out we see a small deal, if you will, addressing the tax rate and then the l
resolve this fiscal cliff but resolve in it a way that makes our country stronger. >> let me bring in the "news nation" political panel. neimalik henderson and goodfreend and contributor michael smerkonish. you the people, you talk to folks all day long on the radio show that you have that's syndicated in cities and states. what do you make of the president picking up where he left off so often going straight to the folks at snoem. >> he is really mained a full court press...
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cliff beckons. for many of the unemployed, the cliff is a clear and present danger. unless congress and the president act before the times square ball drops, many on unemployment insurance will be left to fend for themselves. that's because federal extensions of those benefits, currently up to 47 additional weeks in some states would suddenly expire. that would make for an exceptionally unhappy holiday for an estimated two million unemployed americans. >> brown: we take a closer look now at the standoff and stakes involving unemployment benefits. judith conti is the federal advocacy coordinator for the national employment law project, a workers' rights group. and bill beech heads the center for data analysis at the heritage foundation, a conservative think tank. did welcome to both of you. >> thank you. >> pick up first judy conti on what we just heard, why is the amount of long-term unemployment so stubbornly high? >> what's happening now is we're starting to see job creation. we're starting to see
cliff beckons. for many of the unemployed, the cliff is a clear and present danger. unless congress and the president act before the times square ball drops, many on unemployment insurance will be left to fend for themselves. that's because federal extensions of those benefits, currently up to 47 additional weeks in some states would suddenly expire. that would make for an exceptionally unhappy holiday for an estimated two million unemployed americans. >> brown: we take a closer look now...
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president obama is focused on the stalemate with congress over averting the fiscal cliff, but he's just not talking to house republicans about it. at the white house, he discussed the issue with a bipartisan group of governors. >> i know that the president wants a deal and he didn't try to handicap it. >> reporter: earlier this week, he told so-called middle class americans on twitter, keep pressure on congress. he's even ventured outside the beltway rallying supporters to do just that. >> i'm going to be asking for you to be making your voices heard. >> reporter: why isn't he calling speaker boehner? >> we speak frequently. >> reporter: when will the two of you sit down in a room? >> i don't think the issue right now has to do with sitting in a room. >> reporter: in part, the white house was burned with the negotiations in 2011 when lots of meetings failed to stave off a fiscal nightmare. but there's another strategy at play. some in the administration say they learned in the first term the best way to break washington stalemates, rally the public to their cause. here's how the preside
president obama is focused on the stalemate with congress over averting the fiscal cliff, but he's just not talking to house republicans about it. at the white house, he discussed the issue with a bipartisan group of governors. >> i know that the president wants a deal and he didn't try to handicap it. >> reporter: earlier this week, he told so-called middle class americans on twitter, keep pressure on congress. he's even ventured outside the beltway rallying supporters to do just...
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do they cut a deal to avoid the fiscal cliff before we actually get there? >> i believe so. >> senator? >> yes. the treasury secretary says withholding taxes and does not have to raise them even if the taxes go up. why sequester does not have to be month by month. you can do the sequester in the last 12 months. he gives the congress four or five months into the next year before the house to reach a deal. >> they could kick the can down the road. who thinks the market will not let them do that? there will be punished. sooner rather than later, you think? we have not seen it so far. >> i am in the camp of, the herd will turn. erskine bowles was a famous line. we got away with this last time because we were the best-looking horse in the glue factory. we are not going to get a pass this time. there is no question. who will get punished. and that is very dangerous for everyone, all of us. >> it is great for me to remind you -- you can watch the president on bloomberg television shortly. he is going to be on at 12:30. thank you for a lively discussion. interesting
do they cut a deal to avoid the fiscal cliff before we actually get there? >> i believe so. >> senator? >> yes. the treasury secretary says withholding taxes and does not have to raise them even if the taxes go up. why sequester does not have to be month by month. you can do the sequester in the last 12 months. he gives the congress four or five months into the next year before the house to reach a deal. >> they could kick the can down the road. who thinks the market...
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this could push the american economy off of a fiscal cliff, am i missing something here? can it be such a bad thing. not really said the cbo. if congress extents current policy, the debt and deficit will increase slowing the economy and dramatically increasing interest costs. because of the deal congress and the president made last year it be result in across the board budget reductions, still there will be no decreases in social security, medicare and veteran's benefits. defense spending would take a big hit, but because of a windown in afghanistan some military leaders are asking for less than congress is willing to shell out. from 1990 to 1999 defense spending decreased by 1% a year. this weakened military is nonsense. jim we have like what 27,000 times to blow up the country with the next amount of nukes. >> and we still have massive armies in europe protecting them from a massive soviet union. >> yeah. >> korea is another issue -- we do need people there. >> stephanie: right, but he points out who is behind all of this fiscal cliff cage rattling. the rich and their f
this could push the american economy off of a fiscal cliff, am i missing something here? can it be such a bad thing. not really said the cbo. if congress extents current policy, the debt and deficit will increase slowing the economy and dramatically increasing interest costs. because of the deal congress and the president made last year it be result in across the board budget reductions, still there will be no decreases in social security, medicare and veteran's benefits. defense spending would...
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now congress will come back to work next week hopefully to get a fiscal cliff deal. >> maybe the movie "lincoln" will inspire senators to work together. a special screening is scheduled for december 19th. senate aides said they will not screen the movie on the senate floor but somewhere else. >> michelle obama has said over and over again she never wants to run for office but a new poll shows her leading senator mark kirk in a very hypothetical matchup. the illinois republican had a stroke last year. >> tonight the entire obama family will gather around the christmas tree. it just happens to be the national christmas tree. it will take place at 5:00 eastern time. >> if you read only one thing this morning, maybe you're already thinking about your new year's resolution to get in better shape. how could you resist this headline? my must read is courtesy of prevention magazine. it's on facebook/jansingco. yep, they're real. we've got more rollbacks on toys all december. wait, was that real? [ male announcer ] this christmas, get the hottest brands and rollbacks on the season's hottest toy
now congress will come back to work next week hopefully to get a fiscal cliff deal. >> maybe the movie "lincoln" will inspire senators to work together. a special screening is scheduled for december 19th. senate aides said they will not screen the movie on the senate floor but somewhere else. >> michelle obama has said over and over again she never wants to run for office but a new poll shows her leading senator mark kirk in a very hypothetical matchup. the illinois...
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the president has asked the american people to put pressure on congress to accept a deal in fiscal cliff negotiations. the white house is pulling out all stops and cranking up the social media campaign. president obama has been encouraging supporters to tweet with the #my2k, explaining what a $2,000 tax increase would mean for them and their families. the white house reports the hash tag has appeared in over 275,000 tweets with twitter seeing more than 18,000 tweets per hour add its peak. the road show coupled with the social media campaign is unprecedented. this is the kind of effort that helped president obama win a second term. now we'll see if his grassroots army can convince republicans to do what's right by the american people. i'm joined tonight by democratic strategist donna gentile-o'donnell and msnbc political analyst and georgetown university professor, michael eric dyson. great to have you with us tonight. >> thank you. >> i just want to go right to this poll. this quinnipiac poll was released today, and it shows the majority of the american people want tax rates to go up for
the president has asked the american people to put pressure on congress to accept a deal in fiscal cliff negotiations. the white house is pulling out all stops and cranking up the social media campaign. president obama has been encouraging supporters to tweet with the #my2k, explaining what a $2,000 tax increase would mean for them and their families. the white house reports the hash tag has appeared in over 275,000 tweets with twitter seeing more than 18,000 tweets per hour add its peak. the...
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goes over that fiscal cliff we've been talking about. cbs reporter nancy cordis on the progress or lack thereof in washington. >> reporter: in his saturday weekly address, president obama signaled he is open to making cuts on programs like medicare and medicaid if republicans agree to raise tax rates for the rich. >> i'm willing to find ways to bring down the cost of healthcare without hurting seniors and other americans who depend on it. and i'm willing to make more entitlement spending cuts on top of the $1 trillion in spending cuts i signed into law last year. >> reporter: his remarks came one day after house speaker john boehner announced the talks were stalled. >> well, this isn't a progress report, because there's no progress to report. >> reporter: his democratic counterpart, nancy pelosi, blames boehner for the stalemate. >> what they offered in return was an empty letter, lacking in specifics. >> reporter: such is the state of negotiations 23 days before the deadline, when federal income tax rates will revert to higher clinton e
goes over that fiscal cliff we've been talking about. cbs reporter nancy cordis on the progress or lack thereof in washington. >> reporter: in his saturday weekly address, president obama signaled he is open to making cuts on programs like medicare and medicaid if republicans agree to raise tax rates for the rich. >> i'm willing to find ways to bring down the cost of healthcare without hurting seniors and other americans who depend on it. and i'm willing to make more entitlement...
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he joins mike allen at a breakfast discussion on the so- called fiscal cliff discussions. this is about 25 minutes. [applause] >> good morning, sunshine. welcome to the political breakfast. thank you for getting up so early. we are pleased to have an amazing double-header. if we will speak to senator rubio who last night give a big speech -- one of the first formal speeches looking ahead at the future of the republican party. we will talk about that. the amazing bob woodward who has a fantastic book out on the last grand bargain negotiations is going to be joining us in just one second. first, welcome all of the people in a live-stream planned. we'll be taking your questions. tweet us. and to c-span. welcome to the others were watching. we appreciate bank of america for making these conversations possible. we are very, very excited to bring these substantive conversations about the most important issues around washington to do things to bank of america. thank you, john. so, you may have gotten cards. the thinking about what you're going to ask. without further ado, the spr
he joins mike allen at a breakfast discussion on the so- called fiscal cliff discussions. this is about 25 minutes. [applause] >> good morning, sunshine. welcome to the political breakfast. thank you for getting up so early. we are pleased to have an amazing double-header. if we will speak to senator rubio who last night give a big speech -- one of the first formal speeches looking ahead at the future of the republican party. we will talk about that. the amazing bob woodward who has a...
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. >> ifill: want to know how the fiscal cliff could impact >> ifill: want to know how the fiscal cliff could impact your tax bill? calculate how much you would pay under different policy scenarios on paul's "making sense" page. >> ifill: once congress gets past its budget woes, another huge domestic challenge awaits. republicans and democrats have said they will take up immigration reform. the question is how. last week a new pew hispanic center report showed illegal immigration is on the decline. last year there were 11.1 million illegal immigrants living in the country, down from 11.2 million in 2010. that's down from a peak of 12 million unauthorized immigrants reported in 2007. latino voters overwhelmingly supported president obama in november, and he has said immigration reform will be high on his second term agenda. homeland security secretary janet napolitano will oversee the administration's next steps. ray suarez sat down with her earlier today. >> suarez: secretary napolitano, welcome to the program. >> thank you. suarez: over the week past there's been a lot of reporting say
. >> ifill: want to know how the fiscal cliff could impact >> ifill: want to know how the fiscal cliff could impact your tax bill? calculate how much you would pay under different policy scenarios on paul's "making sense" page. >> ifill: once congress gets past its budget woes, another huge domestic challenge awaits. republicans and democrats have said they will take up immigration reform. the question is how. last week a new pew hispanic center report showed illegal...
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keep in mind they're the ones trying to do the deal here to avert this fiscal cliff. the tax hikes, the spending cutting scheduled for the first of the week now. join ming me from washington is senator olympia snowe. are you hearing -- what might you be hearing between the president and spirit? >> i think it is optimistic in the sense that at least they have met once again because i think that that is going to be crucial and central to any resolution, to the fiscal cliff crisis. and the more they meet and more that they have these lines of communications opened on a daily basis and their staffs are meeting, the more likely we'll see a conclusion to this issue. but it is regrettable that it is this late in the day, given the uncertainty and the apprehension that it continues to create among the american people, and, of course, both within the markets here and abroad. but i think it is hopeful that they have begun to meet and have some discussions because i think we can breathe a sigh of relief that the lines of communication are open. >> are you breathing that sigh of
keep in mind they're the ones trying to do the deal here to avert this fiscal cliff. the tax hikes, the spending cutting scheduled for the first of the week now. join ming me from washington is senator olympia snowe. are you hearing -- what might you be hearing between the president and spirit? >> i think it is optimistic in the sense that at least they have met once again because i think that that is going to be crucial and central to any resolution, to the fiscal cliff crisis. and the...
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it's not like we're facing a fiscal cliff or anything. >> you're right, susan. it's not a fiscal cliff but a slope. it's a gradual one. >> stooe, it's not right on to talk about people when they're right there. have some manners. do it behind their back. really, it's got for morale. there's a study and everything. >> if you can't say something nice to something, come on over here and tell it to me. no worries, you're among friends here. it's "the cycle." >>> two big developments on the economic front. first the unemployment numbers for november came out and they were way better than expected. we added a net gain of 146,000 jobs and the unemployment rate dropped to 7.7%, the lowest in four years. to steal a little from krystal, it appears it's obama and boehner one on one. there's no i in team but there's one in win, which is why the fiscal slope negotiations are getting serious. we haven't heard yet from the president but have heard from speaker boehner. >> this isn't a progress report, because there's no progress to report. the white house has wasted another we
it's not like we're facing a fiscal cliff or anything. >> you're right, susan. it's not a fiscal cliff but a slope. it's a gradual one. >> stooe, it's not right on to talk about people when they're right there. have some manners. do it behind their back. really, it's got for morale. there's a study and everything. >> if you can't say something nice to something, come on over here and tell it to me. no worries, you're among friends here. it's "the cycle." >>>...
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now as president obama fights congress in a showdown over the coming fiscal cliff the president is using his extensive campaign network to push his agenda. let's talk about it with shane deapril the editor of "campaigns and elections magazine." the campaign arm of obama, all of those people are getting information about the fiscal cliff. >> yeah, one thing that happened after 2008 was that obama for america morphed into organizing in america and into the dnc. it played very little role in pushing the president's first term agenda. a lot of folks on the left and from within the white house thought that was a mistake looking back upon it. what we see right now is an immediate change. after the 2012 election ofa is engaging supporters, continuing to do so and clearly fighting this fiscal cliff battle and the white house wants to use that vast supportive base and its email list to pressure congress. jon: that event that the president had in the east room of the white house last week, where he invited people to stand behind him and they were all people who they stand to see their taxes go up
now as president obama fights congress in a showdown over the coming fiscal cliff the president is using his extensive campaign network to push his agenda. let's talk about it with shane deapril the editor of "campaigns and elections magazine." the campaign arm of obama, all of those people are getting information about the fiscal cliff. >> yeah, one thing that happened after 2008 was that obama for america morphed into organizing in america and into the dnc. it played very...
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and the fiscal cliff. james cheeks says he is counting on congress to prevent his taxes from going up. >> scary. you know, it's scary. where is that money going to come from, you know, how am i going to pay that extra tax hike. >> reporter: one booth over, ted and gus say they don't think congress can avoid the cliff. >> i hope so, but i don't see it yet. >> if we're going to have standoffs, have that do nothing congress, it is going to be awfully toug to get anything done. >> reporter: potential effects of the fiscal cliff in rock island, illinois aren't necessarily any better or worse than in other cities around the country. the bottom line is if congress fails to act, repercussions will be felt across the country. wolf? >> ted rowlands in rock island, illinois. >>> imagine being able to use your ipad, cell phone in the air whenever you want. up next, we have details on a new government effort under way now to keep you plugged in all the time, including on takeoff and landing, while flying. stand by. ♪
and the fiscal cliff. james cheeks says he is counting on congress to prevent his taxes from going up. >> scary. you know, it's scary. where is that money going to come from, you know, how am i going to pay that extra tax hike. >> reporter: one booth over, ted and gus say they don't think congress can avoid the cliff. >> i hope so, but i don't see it yet. >> if we're going to have standoffs, have that do nothing congress, it is going to be awfully toug to get anything...
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the congress put the fiscal cliff in place so we would resolve that issue right now -- that is what we need to do. >> mark, do you want to take the first question? >> you raise a great point. this is where people's eyes glaze over -- these numbers can say whatever you want to say, but the notion, and this is where i would disagree with margaret's approach a little bet -- i do think there will be a relationship between revenues and entitlements. if we need to go bigger, we need to push all of those. there are some who say, the idea that the american people is going to buy into this notion of, ok, we will let these taxes go up. then we go through this magical witching hour -- 90% disapproval goes up to 99% disapproval. he will have general consensus that you have to get north of three -- you do this, you will get 500 in interest savings alone. they should not be as challenging as it is. one other thing -- the only thing i would disagree with bob a little, that is on the fact that i have been a huge advocate and continue to be a huge advocate of the tax reform debate. it is a critically i
the congress put the fiscal cliff in place so we would resolve that issue right now -- that is what we need to do. >> mark, do you want to take the first question? >> you raise a great point. this is where people's eyes glaze over -- these numbers can say whatever you want to say, but the notion, and this is where i would disagree with margaret's approach a little bet -- i do think there will be a relationship between revenues and entitlements. if we need to go bigger, we need to...
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congress before the big fiscal cliff fight. it's time for the house freshmen to choose their offices. on friday, the reps picked their office number from the congressional office lottery, where they were apparently encouraged to do some sort of superstitious dance to help pick the best number, and they did not disappoint. that's a cartwheel, that's a congressman's aide, another aide apparently played journey's "don't stop believing" on their phone before giving it a go. yeah, they are taking it seriously. >>> in just a couple hours from now, the kennedy center honors gala begins. including led zeppelin, david letterman and dustin hoffman. right now, the president out enjoying some afternoon golf with those guys. former president bill clinton, former dnc chair terry mccauliff and ron kerr. it's the president's third outing since winning reelection. only the second time ever, though, he has played golf with former president clinton. president obama has a full day today. >>> coming up, as another u.s. base comes under attack in af
congress before the big fiscal cliff fight. it's time for the house freshmen to choose their offices. on friday, the reps picked their office number from the congressional office lottery, where they were apparently encouraged to do some sort of superstitious dance to help pick the best number, and they did not disappoint. that's a cartwheel, that's a congressman's aide, another aide apparently played journey's "don't stop believing" on their phone before giving it a go. yeah, they are...
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twenty-six days until we fall off the fiscal cliff. is that what democrats want us to do? pictures seem so. we go live to capitol hill in 10 minutes. while congress talked about wanting to cut excess spending, the numbers may tell a different story. i will break it down coming up next. ally bank. why they have a raise your rate cd tonight our guest, thomas sargent. nobel laureate in econocs, and one of the most cited economists in the world. professor sargent, can you tell me what cd rates will be in two years? no. if he can't, no one can. that's why ally has a raise ur rate cd. ally bank. your money needs an ally. gerri: where would we be without senator tom coburn? without the oklahoma taxpayer dollars? this fellow brought us this image. your member this? the shrimp on on the treadmill. does anyone have? @%e national science foundation studying the effects on disease. they decided to do this, and they spend 500,000 taxpayer dollars doing this study. if you can get scientists to waste money, the senator is back with another study. this time uncovering waste of the departm
twenty-six days until we fall off the fiscal cliff. is that what democrats want us to do? pictures seem so. we go live to capitol hill in 10 minutes. while congress talked about wanting to cut excess spending, the numbers may tell a different story. i will break it down coming up next. ally bank. why they have a raise your rate cd tonight our guest, thomas sargent. nobel laureate in econocs, and one of the most cited economists in the world. professor sargent, can you tell me what cd rates will...
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cliff and what will happen if the white house and congress fail to find a solution capital account is on its way from washington shortly and more news from moscow thirty five minutes from now. choose your language. we can with know if they feel some of us. choose the buttes the consensus you can. choose the opinions that invigorating to. choose the stories that impact your life choose the access to your office. plz. he is under siege for. destruction without mercy. what could be just ruins. saved by a great sacrifice. anything under a storm by human justice. a remarkable reminder of courage and selflessness. beauty is a. rush the sight. of. the. good afternoon welcome to capital account i'm lauren mr here in washington d.c. these are your headlines for friday december seventh two thousand and twelve is jobs day u.s. jobs numbers for november came in better than expected with the b.l.s. report showing one hundred forty six thousand jobs were added much more than expected and the unemployment rate fell to seven point seven percent but why did the rate went down because more people left
cliff and what will happen if the white house and congress fail to find a solution capital account is on its way from washington shortly and more news from moscow thirty five minutes from now. choose your language. we can with know if they feel some of us. choose the buttes the consensus you can. choose the opinions that invigorating to. choose the stories that impact your life choose the access to your office. plz. he is under siege for. destruction without mercy. what could be just ruins....
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cliff is that ceos have stepped up and gone into congress and washington and said, listen, deal with this issue. it's affecting us. we do know that in the third quarter the fiscal cliff did contribute to a decline in investment. althoughmanufacturing was weakened. it's not justified by the underlying fundamentals. you have to believe that part of that is due to the uncertainty of the fiscal cliff. and we've seen a number of companies coming out saying we're not firing but we're delaying hiring and delaying investment projects. delays in an already weak economy, you don't want hesitation. it's a vicious cycle of hesitation and slow growth. kind of an opposite of what we saw in the '90s where you had certainty and caution thrown to the wind in robust growth. >> christine has one ear piece in, talking with us with the other ear. >> hurricane sandy, they say, did not affect the overall rate. they did not see that the overall rate was affected by hurricane sandy. the labor force declined a bid of 300,000 or so. retail trade was strong. construction was a little weaker. unchanged for the w
cliff is that ceos have stepped up and gone into congress and washington and said, listen, deal with this issue. it's affecting us. we do know that in the third quarter the fiscal cliff did contribute to a decline in investment. althoughmanufacturing was weakened. it's not justified by the underlying fundamentals. you have to believe that part of that is due to the uncertainty of the fiscal cliff. and we've seen a number of companies coming out saying we're not firing but we're delaying hiring...
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we still have a month or two for congress to fix things. >> if we go over the fiscal cliff, it will be bad. it will be really bad for the market. ultimately, it will make its way out. we are not solving this cliff before the end of the year. we have come to gather. we have a framework. we are here and they are there, but we will meet somewhere in the middle. i think it will be bad for the market if they work behind the curve. adam: when do they jump in if we go over the cliff? >> waited out. you will know. the first three days, at that point, start looking at getting into positions. our economy is doing better. things are pointing to growth. hopefully washington will not screw this up. if you look at these solid companies that are out there right now, those are the ones that you buy. adam: thank you very much. have a great day. melissa: we will show you whatt3 the 401(k) for ibm means for the company. adam: shifting to a right to work state. michigan's organized labor. take a look at how the dollar is faring today. ♪ >> @23 past the hour, i have your fox news minute. reuters reportin
we still have a month or two for congress to fix things. >> if we go over the fiscal cliff, it will be bad. it will be really bad for the market. ultimately, it will make its way out. we are not solving this cliff before the end of the year. we have come to gather. we have a framework. we are here and they are there, but we will meet somewhere in the middle. i think it will be bad for the market if they work behind the curve. adam: when do they jump in if we go over the cliff? >>...
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tonight no progress on the fiscal cliff as democrats and republicans trade barbs over the issue. one group of americans is finding a way through this regardless of congress and the president. small-business owners in this country are preparing to hire. join me now, chief u.s. economist for i may just pll one side. heart of america group founder, and member of the jobs creation alliance and actual job creators in this country who say their voices not being heard inhis office took with debate. also with us from the weekly standard, stevn haze. welcome. great to have you here. i want to start with the conversation in washington and what t speaker had to say about the status of the fiscal here is mr. boehner. >> this is in the progress report because there is no progress to report. when it coms to the fiscal cliff that is turning our economy and jobs, the white hhuse is wasted another week. gerri: what do you say? we wasted another week. we seem to be getting nowhere, and now folks are saying the president is trying to entice us of the fiscal cliff. >> look, i think they're actually
tonight no progress on the fiscal cliff as democrats and republicans trade barbs over the issue. one group of americans is finding a way through this regardless of congress and the president. small-business owners in this country are preparing to hire. join me now, chief u.s. economist for i may just pll one side. heart of america group founder, and member of the jobs creation alliance and actual job creators in this country who say their voices not being heard inhis office took with debate....
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caller: the fiscal cliff and are 100 trillion dollar debt, mostly it's the fault of the american people. i blame congress in general for not having the courage to tell us the truth, but it is the american people who don't want to deal with that is essentially forcing this thing. host: 1 cumene? hat do you mean? caller: we have unsustainable debt. it has to be reformed. for decades we have been electing politicians will tell us what we want to hear, but we cannot pay for the programs we want. until the american people themselves can deal with the truth, we're not going to solve this. contacting our politicians, offering sacrifice of the programs we like is the only solution. until then, politicians will not have the courage to cut the programs that we simply tell them not to touch. host: here is the editorial in the wall street journal this morning -- rick? caller: it's like a bar tab. we are the runs that ran up the bartec. our grandchildren will ultimately have to pay it until we realize we have to stop drinking and start paying the bill, nothing will happen. host: what should happen t
caller: the fiscal cliff and are 100 trillion dollar debt, mostly it's the fault of the american people. i blame congress in general for not having the courage to tell us the truth, but it is the american people who don't want to deal with that is essentially forcing this thing. host: 1 cumene? hat do you mean? caller: we have unsustainable debt. it has to be reformed. for decades we have been electing politicians will tell us what we want to hear, but we cannot pay for the programs we want....
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lou: the fiscal cliff and now a new ultimatum on the national debt ceiling. you suppose this is the last condition? >> it's going to be a wild couple of months, maybe everybody thought with the election over, there was going to be peace and figure all of this out, but i think we're just at the beginning of a long protractive battle, lou. lou: more on the stalemate of the fiscal cliff, the impasse, and tell us what you think about the so-called negotiations. vote in tonight's online poll. do you agree president obama's ultimatum on higher taxes are actually the cause? make him responsible for driving us off the fiscal cliff? go to our to be page at facebook facebook.com/loudobbs. we'll have results at the end. chris and steven joining us here next to address that question and more. ♪ ♪ [ engine revs ] ♪ [ male announcer ] oh what fun it is to ride. get the mercedes-benz on your wish list at the winter event going on now through december 31st. [ santa ] ho, ho, ho! [ malennouncer ] lease a 2013 e350 f $579 a month at your local mercedes-benz dealer. lou:
lou: the fiscal cliff and now a new ultimatum on the national debt ceiling. you suppose this is the last condition? >> it's going to be a wild couple of months, maybe everybody thought with the election over, there was going to be peace and figure all of this out, but i think we're just at the beginning of a long protractive battle, lou. lou: more on the stalemate of the fiscal cliff, the impasse, and tell us what you think about the so-called negotiations. vote in tonight's online poll....
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this morning we also had a look at the fiscal cliff. host: we're looking at different pass expects of the fiscal cliff. today we turn our attention to the alternative minimum tax and the patch that could come from congress if they're able to work out a deal. if they do nothing this will impact 30 million americans. joining to us discuss is georgetown law's john buckley. thank you for being here. john buckley, let's begin. what is the alternative minimum tax? guest: in very simple terms, the alternative minimum tax requires you to pay the greater of what you pay under the regular income tax or what you would compute under the minimum tax which has a slightly broader base. it disallows some deductions that would be allowed in the regular tax. in some respects it's very similar to cap on itemized deductions that's currently being discussed. rather than directly attack preferences in expenditures it essentially puts an overall cap on benefit. there's no new ideas in this debate. the cap bears a very strong relationship to how the alternativ
this morning we also had a look at the fiscal cliff. host: we're looking at different pass expects of the fiscal cliff. today we turn our attention to the alternative minimum tax and the patch that could come from congress if they're able to work out a deal. if they do nothing this will impact 30 million americans. joining to us discuss is georgetown law's john buckley. thank you for being here. john buckley, let's begin. what is the alternative minimum tax? guest: in very simple terms, the...
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the so-called fiscal cliff was put in law because it was stuff that would be so unacceptable congress would never let it happen, enormous tax increases, grotesque cuts in spending but here we, it is in the law. congress does nothing which congress is good at doing and go over the cliff and some want to see that happen because then the crisis will generate the kind of bipartisan agreement we need but that is irresponsible. >>neil: it is looking more likely. then who picks up the pieces? >>guest: the country suffers. i don't think anyone gains politically. you know that almost everyone here in both parties will tell you if you talk to them privately, this ends with entitlement reform. not cutting programs like medicare but slowing down the growth in the programs because they are the big drivers of the deficit and raising more out of the revenue, out of the tax system. whether you call iterates or reform over whatever you call it, and each those touches the third rail of the parties, we have to get together and say, basically, we have to do something right for the country. if we had a bi
the so-called fiscal cliff was put in law because it was stuff that would be so unacceptable congress would never let it happen, enormous tax increases, grotesque cuts in spending but here we, it is in the law. congress does nothing which congress is good at doing and go over the cliff and some want to see that happen because then the crisis will generate the kind of bipartisan agreement we need but that is irresponsible. >>neil: it is looking more likely. then who picks up the pieces?...
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president obama meantmie, says congress can't tie fiscal cliff talks to upcoming debt ceiling votes. also, the military budget is on the table with a possible $500 million being set aside as a warning. stay with us, more news coming up. you won't take my life. you won't take our future. aids affects us all. even babies. chevron is working to stop mother-to-child transmission. our employees and their families are part of the fight. and we're winning. at chevron nigeria, we haven't had a reported case in 12 years. aids is strong. aids is strong. but we are stronger. and aids... ♪ aids is going to lose. aids is going to lose. ♪ aids is going to lose. aids is going to lose. when i take a picture of this check, it goes straight to the bank. oh. oh look the lion is out! no mommy no! don't worry honey, it only works on checks. deposit checks from your smartphone with chase quickdeposit. just snap a picture, hit send and done. take a step forward and chase what matters. >> coming up at six- thirty... an update on that massive sinkhole in lafayette... crews on scene hoping to keep it from
president obama meantmie, says congress can't tie fiscal cliff talks to upcoming debt ceiling votes. also, the military budget is on the table with a possible $500 million being set aside as a warning. stay with us, more news coming up. you won't take my life. you won't take our future. aids affects us all. even babies. chevron is working to stop mother-to-child transmission. our employees and their families are part of the fight. and we're winning. at chevron nigeria, we haven't had a reported...
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. >>> will congress beat the clock on the fiscal cliff? >> there's a stalemate. let's not kid ourselves. >> democratic senator mark warner and republican senator kelli ayote are here next. [ female announcer ] the humana walmart-preferred rx plan p-d-p gives you a low $18.50 monthly plan premium... and select generic hypertension drugs available for only a penny... so you can focus on what really matters. call humana at 1-800-808-4003. try this... bayer? this isn't just a headache. trust me, this is new bayer migraine. [ male announcer ] it's the power of aspirin plus more in a triple action formula to relieve your tough migraines. new bayer migraine formula. in a triple action formula to relieve your tough migraines. i have obligations. cute tobligations, but obligations.g. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectu
. >>> will congress beat the clock on the fiscal cliff? >> there's a stalemate. let's not kid ourselves. >> democratic senator mark warner and republican senator kelli ayote are here next. [ female announcer ] the humana walmart-preferred rx plan p-d-p gives you a low $18.50 monthly plan premium... and select generic hypertension drugs available for only a penny... so you can focus on what really matters. call humana at 1-800-808-4003. try this... bayer? this isn't just a...
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another writes in, what are you willing to compromise with the gop to get this fiscal cliff stuff done? i think president obama preparing to answer some tough questions from voters. over the weekend house speaker john boehner said these negotiations are nowhere. jay carney disagrees with that assessment. now phone calls at this point between president obama and congressional leaders, but the white house says the talks will be ongoing over the next several days, tamron. >> thank you. the president's q and a on twitter comes days after republicans flat-out rejected his opening bid in negotiations. house speaker john boehner appeared on one sunday morning talk show to see the president's proposal was not in his opinion a proposal at all. >> i was flabbergasted and said, you can't be serious. i just have never seen anything like it. we have seven weeks between election day and the end of the year, and three of those weeks have been wasted with this nonsense. >> okay. >> treasury secretary tim geithner appeared on five separate sunday morning talk shows. he says it's the gop who have been s
another writes in, what are you willing to compromise with the gop to get this fiscal cliff stuff done? i think president obama preparing to answer some tough questions from voters. over the weekend house speaker john boehner said these negotiations are nowhere. jay carney disagrees with that assessment. now phone calls at this point between president obama and congressional leaders, but the white house says the talks will be ongoing over the next several days, tamron. >> thank you. the...
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ceiling issue out of discussions about the fiscal cliff. take a listen. >> if congress in any way suggests they're going to tie negotiations to debt ceiling votes and take us to the brink of default once again as part of a budget negotiation, i will not play that game. >> congressman, the last time republicans used the debt ceiling for political purposes, the full faith and credit of this nation was downgraded. are they really happy, really happy, in the face of what you've just heard the president say, are they happy to do if again? >> yeah, they have acted irresponsibly. many house republicans have acted like children. they have behaved like children. when children behave containing yously, you take the dangerous toy as way from them. they want to continue on a three-month basis. they have tried to schett down the federal government on a three-month timetable because they don't fundamentally believe the government should help grow the middle class or help small businesses retire people, retain employees, or helping veterans. so we don't
ceiling issue out of discussions about the fiscal cliff. take a listen. >> if congress in any way suggests they're going to tie negotiations to debt ceiling votes and take us to the brink of default once again as part of a budget negotiation, i will not play that game. >> congressman, the last time republicans used the debt ceiling for political purposes, the full faith and credit of this nation was downgraded. are they really happy, really happy, in the face of what you've just...
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Dec 9, 2012
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a deal is reached on the fiscal cliff. if nothing is worked out, there's a two-year 15% pay cut for both the president and capitol hill lawmakers. so far, more than 10,000 people are signed on board for that. time now for the big three and the topics, face-to-face history in the makings and the must read. we bring in the panel. aaron, msnbc contributor robert tray numb and adviser to the hillary clinton and al gore campaigns, doug. doug, i want to start with you. the first topic is face-to-face. what can be accomplished in the one-on-one negotiations between president obama and speaker boehner when you consider friday speaker boehner said the negotiations are nowhere? >> the pressure really is on the speaking and the house republicans. it's quite clear in the polls and everybody knows they are the ones standing in the way of tax relief for middle class working people just because they want to hold that hostage to tax cuts for the 2% richest people. he could, in that meeting, meet the president half way right off the block.
a deal is reached on the fiscal cliff. if nothing is worked out, there's a two-year 15% pay cut for both the president and capitol hill lawmakers. so far, more than 10,000 people are signed on board for that. time now for the big three and the topics, face-to-face history in the makings and the must read. we bring in the panel. aaron, msnbc contributor robert tray numb and adviser to the hillary clinton and al gore campaigns, doug. doug, i want to start with you. the first topic is...
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no progress on the fiscal cliff and no plans to even talk about it. when will the white house and congress get serious about making a deal? tracy: on december 31st. dennis: the president is taking to twitter. we'll the latest all hour. tracy: fears of higher taxes caused tax-free muni bonds to popularity but is it too late to find any bargains? jack hough says no. he tells us where the deals are. dennis: the looming fiscal cliff doesn't seem to stop americans from buying new cars. edmunds analyst jessica caldwell breaks down a surprising strong month for automakers but will it last? tracy: time to check stocks as we do every 15 minutes. we head down to the lauren simonetti on the floor of the new york stock exchange. they are slipping but just off the lows of the day. >> off the lows of the day. but the dow and s&p 500 giving up about a third of a percent each right now. the nasdaq is down three points. off the lows. the low for the dow this session is 12,969. we're a little above it but seems like the market wants to end the day in the red. we got co
no progress on the fiscal cliff and no plans to even talk about it. when will the white house and congress get serious about making a deal? tracy: on december 31st. dennis: the president is taking to twitter. we'll the latest all hour. tracy: fears of higher taxes caused tax-free muni bonds to popularity but is it too late to find any bargains? jack hough says no. he tells us where the deals are. dennis: the looming fiscal cliff doesn't seem to stop americans from buying new cars. edmunds...
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. ♪ >> yep, that may be the most actions the fiscal cliff saw today. here's the scene on capitol hill here at noon. yep, people leaving, members of congress leaving washington, heading home on a wednesday afternoon. one man standing was the house speaker and he says, i'm not going anywhere. >> i'll be here and i'll be available at any moment to sit down with the president to get serious about solving this problem. >> but, of course, it takes two to tango. where does president obama stand? >> we can probably solve this in about a week. it's not that tough. >> he's absolutely right about that. but we heard earlier this evening the president and speaker boehner did speak late today on the phone. that's good news. but in this case, we think we need facetime. they need to sit down face to face, pound it out, face to face breeds trust. even the democrats think the president needs to do a little more in-person work on this. >> the president is not somebody who -- he's prioritizing spending evenings with his family instead of going down and having a bourbon on
. ♪ >> yep, that may be the most actions the fiscal cliff saw today. here's the scene on capitol hill here at noon. yep, people leaving, members of congress leaving washington, heading home on a wednesday afternoon. one man standing was the house speaker and he says, i'm not going anywhere. >> i'll be here and i'll be available at any moment to sit down with the president to get serious about solving this problem. >> but, of course, it takes two to tango. where does...
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does actually go over the fiscal cliff. you're watching "the daily rundown." ♪ i'd like to thank eating right, whole grain, multigrain cheerios! mom, are those my jeans? [ female announcer ] people who choose more whole grain tend to weigh less than those who don't. multigrain cheerios [ man thinking ] oh, this gas. those antacids aren't working. oh no, not that, not here! [ male announcer ] antacids don't relieve gas. gas-x is designed to relieve gas. gas-x. the gas xperts. yofor giving the perfect gift?le just have a knackve gas. they put real thought into it. and find just... the right...thing. how do they do that? more saving. more doing. that's the power of the home depot. pick up a ridgid jobmax multi-tool starter kit and get a free head attachment. we believe the more you know, the better you trade. so we have ongoing webinars and interactive learning, plus, in-branch seminars at over 500 locations, where our dedicated support teams help you know more so your money can do more. [ rodger ] at scottrade, seven dollar
does actually go over the fiscal cliff. you're watching "the daily rundown." ♪ i'd like to thank eating right, whole grain, multigrain cheerios! mom, are those my jeans? [ female announcer ] people who choose more whole grain tend to weigh less than those who don't. multigrain cheerios [ man thinking ] oh, this gas. those antacids aren't working. oh no, not that, not here! [ male announcer ] antacids don't relieve gas. gas-x is designed to relieve gas. gas-x. the gas xperts. yofor...
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cliff. corker said it would allow republicans to press for cuts to entitlements. democratic senator chuck schumer told fox he thinks they will reach a deal. and texas a&m quarterback johnny manzell has won the heisman, the first freshman wotowin. he beat out notre dame linebacker and the kansas state quarterback. that's it. back to you. >> are you going to do the post for us? >> reporter: i enemy a stool, wired up. sorry. >> we will give you near space next time. >> reporter: thanks. >> an update on the developing story we have been following out of southern california. the tolare county sheriffs department has a suspect in custody in a shooting that killed three people and injured two, including two children. the person they identified as the suspect, hector solia was tracked with his cell phone. he refused to stop his car. deputies then opened fire and shot back and he is in the hospital with life-threatening injuries. the shooting victims other than found after someone made a call to 911,
cliff. corker said it would allow republicans to press for cuts to entitlements. democratic senator chuck schumer told fox he thinks they will reach a deal. and texas a&m quarterback johnny manzell has won the heisman, the first freshman wotowin. he beat out notre dame linebacker and the kansas state quarterback. that's it. back to you. >> are you going to do the post for us? >> reporter: i enemy a stool, wired up. sorry. >> we will give you near space next time. >>...
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because the last minute on the fiscal cliff. i don't think it's a good way to do business. >> host: if we were to go over, what happens? >> guest: well, you know, probably congress would be back in session pretty quickly and hopefully we would do something like i'm talking about right now. that's what we should do it early. and continue to negotiate. it's not just a question of dollars and cents. effort some people say let the race club in republicans get some data call that a tax cut. people lose faith in the institution and the political leadership. trust is a very funny commodity. you have it until you don't. when you lose the trust of the american people it's not like you get back to doing the right thing the next day. we should convince the country and the markets that can make smart decisions and to compromise and again this would be a step in the right direction of showing we can work together. we can put the american people first. again, we can continue to fight over things without putting them in harms way. >> host: rob
because the last minute on the fiscal cliff. i don't think it's a good way to do business. >> host: if we were to go over, what happens? >> guest: well, you know, probably congress would be back in session pretty quickly and hopefully we would do something like i'm talking about right now. that's what we should do it early. and continue to negotiate. it's not just a question of dollars and cents. effort some people say let the race club in republicans get some data call that a tax...
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Dec 10, 2012
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broadly described under the umbrella of the terminology, fiscal cliff. when we confront those difficult challenges, we have to ask ourselves a couple of basic questions. one of the basic questions we must ask is, what will be the result and will be the impact as it relates to middle income families? what will happen to them in the midst of all these tough issues we have to work out? we know there is broad agreement that going over the so-called fiscal cliff would jeopardize the economic recovery. it would do that by increasing taxes on families, halting employment growth, driving unemployment up instead of down, triggering a deep cuts to programs that families across the country count on. the job before the united states congress is to reach an agreement that builds on the economic progress that we are making, and puts us on a path to fiscal stability. we need to cut more spending, and generate more revenue. we need to do it in a smart way that keeps our economy growing. earlier this year, congress extended the payroll tax cut through 2012. the two perce
broadly described under the umbrella of the terminology, fiscal cliff. when we confront those difficult challenges, we have to ask ourselves a couple of basic questions. one of the basic questions we must ask is, what will be the result and will be the impact as it relates to middle income families? what will happen to them in the midst of all these tough issues we have to work out? we know there is broad agreement that going over the so-called fiscal cliff would jeopardize the economic...
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congress is running out of time, potentially a way to run the country off the fiscal cliff. >>> and later, how kate middleton got caught up in a royal hoax while hospitalized in london. open enrollment ends friday, december 7th. so give unitedhealthcare a call today. consider a medicare advantage plan. it can combine doctor and hospital coverage with prescription drug coverage for as low as a zero dollar monthly premium. you only have until december 7th to enroll. call unitedhealthcare today. since ameriprise financial was founded back in 1894, they've been committed to putting clients first. helping generations through tough times. good times. never taking a bailout. there when you need them. helping millions of americans over the centuries. the strength of a global financial leader. the heart of a one-to-one relationship. together for your future. ♪ starts with arthritis pain and a choice. take tylenol or take aleve, the #1 recommended pain reliever by orthopedic doctors. just two aleve can keep pain away all day. back to the news. . >>> here is some indication of how partisan and par
congress is running out of time, potentially a way to run the country off the fiscal cliff. >>> and later, how kate middleton got caught up in a royal hoax while hospitalized in london. open enrollment ends friday, december 7th. so give unitedhealthcare a call today. consider a medicare advantage plan. it can combine doctor and hospital coverage with prescription drug coverage for as low as a zero dollar monthly premium. you only have until december 7th to enroll. call unitedhealthcare...
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he says the fiscal cliff shouldn't be a big issue and if businessmen go into the room they could solve the problem an awful lot faster than congress. ken cayman is president of macadian asset management. i presume you share the sentiments -- i think we probably all do share the sentiments of mr. kravis. what would you do? >> well, listen, i think when you look at how businessmen make decisions, they have to live with the outcome of the decisions. politicians unfortunately make one decision, move on, and make another one. they don't live and die by any one decision. so i actually agree. ic that if all they did was have to focus on this one issue, we'd get a better result. but that's not the way government works. they get briefed on economic stuff one minute and they run into a meeting and get briefed on the mating habits of a spotted owl or some other cause that they'll be asked to vote on later in the day, too. it's just the way our government works. >> whatever happens, we'll probably get some tax changes here, which investors are going to matter. which ones are the standout and how m
he says the fiscal cliff shouldn't be a big issue and if businessmen go into the room they could solve the problem an awful lot faster than congress. ken cayman is president of macadian asset management. i presume you share the sentiments -- i think we probably all do share the sentiments of mr. kravis. what would you do? >> well, listen, i think when you look at how businessmen make decisions, they have to live with the outcome of the decisions. politicians unfortunately make one...
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yesterday at the white house there were vague references to conversations about the the fiscal cliff with congress iion republicans. i can confirm this morning through my sources here at the white house and on capitol hill that there were no substantive conversations or negotiations yesterday at all. no formal e-mails, to conversations, nothing. house speaker boehner's countdown led to the lighting of the capitol hill christmas tree last night. >> three, two, one. >> reporter: but washington is counting down this month to the dark unknown of the fiscal cliff. >> thanks for having me. >> reporter: on his first view sbr interview on the fiscal cliff, he rejected john boehner's proposal. >> unfortunately the speaker's proposal is out of balance. >> reporter: raising taxes on households earning more than $250,000. >> we'll have to see the rates on the top 2% go up. we're not going to be able to get a deal without it. >> reporter: republicans want smaller tax increases overall and no movement on higher income tax rates. they want to cut unnamed tax bre breaks and deductions, which they sa
yesterday at the white house there were vague references to conversations about the the fiscal cliff with congress iion republicans. i can confirm this morning through my sources here at the white house and on capitol hill that there were no substantive conversations or negotiations yesterday at all. no formal e-mails, to conversations, nothing. house speaker boehner's countdown led to the lighting of the capitol hill christmas tree last night. >> three, two, one. >> reporter: but...
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given the fiscal cliff. and some members have not been friendly to disaster relief. but the care with which this package has been putting to has given us a good head start. after hurricane katrina, the government ended up spending more than $120 billion in aid to affected areas. many lawmakers this weekend are saying they think $60.4 billion for sandy relief is a good start. rick? >> thanks very much. peter doosey in cash -- in washington. >> december 1972, and a hope to return. a private company is picking up the mission and planing to make lunar travel affordable to anyone with an extra $1.5 billion. doug mcelway has the story. >> we realize it is the stuff of science fiction. we intend to make it science fact. >> it would appear too incredible. except these former nasa managers are credible and experienced. calling their project golden spike. they planned to send man back to the moon within a decade on commercial spacecraft at a cost of $7 billion to $8 billion. >> our vision is to create a reliable and a
given the fiscal cliff. and some members have not been friendly to disaster relief. but the care with which this package has been putting to has given us a good head start. after hurricane katrina, the government ended up spending more than $120 billion in aid to affected areas. many lawmakers this weekend are saying they think $60.4 billion for sandy relief is a good start. rick? >> thanks very much. peter doosey in cash -- in washington. >> december 1972, and a hope to return. a...